AML / KYC

Crypto / Digital Assets

India Supreme Court Presses Government on Crypto Regulation

By Nithya Subramanian | 22/05/2025

The top court criticised the government for taxing crypto at 30 percent without putting in place corresponding regulation.

AML / KYC

Japan Moves to Block Payments Linked to Online Casinos

By Thisanka Siripala | 22/05/2025

Banks, payments providers and crypto firms are directed to issue user warnings and block transactions linked to online casinos.

AML / KYC

BSP Issues Draft Reporting Rules for Trust Entities

By Sanday Chongo Kabange | 22/05/2025

Trust entities will have to report additional details on their fiduciary and investment management activities, including data on client risk profiles.

AML / KYC

HK Police Busts Cross-Border Money Laundering Syndicate

By Sanday Chongo Kabange | 22/05/2025

HKPF arrested 10 suspects linked to a money laundering operation involving stooge accounts in Hong Kong and Mainland China.

AML / KYC

IOSCO Calls on Online Platforms to Help Combat Investment Scams

By Manesh Samtani | 22/05/2025

IOSCO calls on internet search engines, social networks, and app providers to enhance efforts to combat online investment scams.

AML / KYC

SFC Alerts Public to Phishing Texts Targeting Brokerage Clients

By Sanday Chongo Kabange | 22/05/2025

Phishing texts are tricking Hong Kong investors into revealing personal data, leading to financial losses, warns the SFC.

AML / KYC

SEBI Warns Mauritius-Based Funds for Lack of Cooperation

By Nithya Subramanian | 22/05/2025

Two Mauritius-based funds tied to the Adani Group could face potential penalties and license cancellations over their failure to disclose shareholder details.

AML / KYC

SFC Imposes 5-Month Ban on Former Lion Futures Director

By Sanday Chongo Kabange | 22/05/2025

The SFC banned a former MIC for five months over his role in Lion Futures’ failure to comply with AML/CFT requirements between 2017 and 2019.

AML / KYC

China Issues Draft AML Rules for Accounting Firms for Consultation

By Mark Johnston | 22/05/2025

The draft regulation requires accounting firms to verify client identities, conduct due diligence before providing services, and report suspicious transactions.